Italy's doValue Q1 revenue falls

doValue SPA

14/05/2026 19:41

Overview

Italy financial services firm's Q1 gross revenue fell 14.9% yr/yr, net revenue down 16.8%

Adjusted EBITDA for Q1 dropped 31.9% yr/yr to EUR 35 mln

Company completed acquisition of coeo in April, to be consolidated from Q2 2026

Outlook

doValue targets net leverage ratio of 2.2x by year-end 2026

Company says no refinancing deadlines until 2030, ensuring financial flexibility

Result Drivers

SUBDUED BUSINESS IN ITALY AND GREECE - Co said Q1 revenue decline reflected subdued business dynamics in Italy and Greece, as well as typical seasonality

COST DISCIPLINE - Co said adjusted EBITDA was maintained in line with annual guidance due to cost discipline and typical Q1 seasonality

COLLECTIONS STABLE - Collections remained stable at EUR 1.1 bln, with growth of 14% in Greece

Company press release: ID:nBIA17TFwt

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Revenue
EUR 106.7mln
Q1 Gross Revenue
EUR 120.3 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the corporate financial services peer group is "buy"

Wall Street's median 12-month price target for Dovalue SpA is €3.40, about 59.5% above its May 14 closing price of €2.13

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)